RE: Positive movements19 Aug 2019 14:18
Why are you anticipating further delays?......... Can I draw your attention to this again.......'Marine survey works are progressing AHEAD of schedule, despite the damp and blustery weather.'
It says AHEAD of schedule.
Furthermore, we know that the 1.6 Million euros are nailed on and with the pound in such a weak state that means it is now worth a whopping £1.47 Million and rising. It would be in the EU's interest to settle that pretty soon.
The complex off-take negotiations and calculations are continuing and the full GSA should be signed in very near future. That in turn will help speed up finalisation of equity/debt negotiations. Don't forget all discussions are now for the full 7 caverns not 2, so the results of these negotiations will be beyond transformational. IMO the taking of the FID should be a fairly short affair, when offtake/equity/debt negotiations in place.
A lot of effort is being put into preparations, it is a huge project...especially for a very small company....lots of balls to juggle....but imo we have a team (albeit small) of very professional jugglers ! .... there was a great deal of inertia to overcome, but INFA are overcoming them due to prolonged and almost superhuman effort......... when things do start to move, everything should fall into place quickly.
The team certainly have my support and my thanks.
Greatly looking forward to the coming months.
GLA !